Thousands of Xingshen Intelligent Autonomous Vehicles Roll Off the Production Line

On December 28, 2021, the "2021 Xingshen Intelligent Partner Summit and the Ceremony of the Mass Production of 1,000 Unmanned Vehicles" was grandly held in Changsha. Xingshen Intelligent announced that the 1,000th unmanned vehicle was officially mass-produced and put into operation, and also released the latest unmanned vehicle product "Jedi". Xingshen Intelligent has gone through several rounds of financing since its establishment, and received tens of millions of yuan in angel round investment from JD.com in 2017. In April 2021, based on detailed due diligence and sufficient demonstration, Yuanfang Capital led the investment, and Yan'an Artificial Intelligence Industry Fund, Shenzhen Dedinghong and UBTECH, a leading humanoid robot company, followed the investment, completing the A round of financing of 100 million yuan, with a pre-investment valuation of 650 million yuan. In December 2021, the A+ round of financing was completed, with a pre-investment valuation of 1 billion yuan and a post-investment valuation of over 1.3 billion yuan. With the support of many capitals, the company entered a period of rapid expansion. Since the third quarter of 2021, orders have increased by 440% year-on-year. By the end of 2021, the total production of unmanned vehicles reached 1,000 units. The company has achieved remarkable results and is a leader in the industry.